Question 1

What type of GST return is GSTR-1?

Accepted Answer

Statement of Outward Supplies

Answer

Input Tax Credit Return

Answer

Payment Return

Answer

Final Return

Question 2

Who is required to file GSTR-1 monthly?

Accepted Answer

Businesses with a turnover exceeding Rs. 5 crore (as per the latest CGST Notification)

Answer

Composition taxpayers

Answer

Businesses filing quarterly returns

Answer

All registered taxpayers

Question 3

What is the due date for filing GSTR-1 for a particular month?

Accepted Answer

11th of the next month (unless notified otherwise by the government)

Answer

Last day of the month

Answer

Within 15 days of the month-end

Answer

Along with GSTR-3B

Question 4

What details are included in GSTR-1?

Accepted Answer

Details of all outward supplies made during a tax period (B2B, B2C, exports, etc.)

Answer

Details of input tax credit claimed

Answer

Details of tax paid on purchases

Answer

Both purchase and sales details

Question 5

What happens if a taxpayer fails to file GSTR-1 by the due date?

Accepted Answer

A late filing fee is levied

Answer

Business operations are suspended

Answer

Input tax credit claim for the period gets rejected

Answer

The GST registration gets cancelled

Question 6

Uploading e-invoices on the GST portal helps in pre-populating data for which GST return?

Accepted Answer

GSTR-1

Answer

GSTR-3B

Answer

Both GSTR-1 and GSTR-3B

Answer

None of the above

Question 7

What is the QRMP scheme mentioned in the context of GST return filing?

Accepted Answer

A scheme for filing GSTR-1 quarterly based on specific turnover thresholds

Answer

A penalty scheme for late filing of GST returns

Answer

A method for filing revised GST returns

Answer

A system for automatic reconciliation of outward and inward supplies

Question 8

Can a taxpayer revise a filed GSTR-1?

Accepted Answer

No, revisions are not allowed in GSTR-1

Answer

Revised details need to be reflected in the subsequent return filing

Answer

A revised GSTR-1 can be filed within the same month

Answer

Revisions can be made until the next return filing deadline

Question 9

What is the significance of GSTR-1 in the GST ecosystem?

Accepted Answer

Ensures reporting of all outward supplies and facilitates matching with inward supplies reported by recipients

Answer

Used for claiming refunds of accumulated input tax credit

Answer

Provides information for generating e-way bills

Answer

Helps in calculating the tax liability of a taxpayer

Question 10

How can a taxpayer check the status of their filed GSTR-1 return?

Accepted Answer

By logging into the GST portal and accessing the "Returns" section

Answer

Through a mobile app for GST filing

Answer

By contacting the local GST authorities

Answer

Through an email notification from the GST department

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